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ISM CPSM Bridge Sample Questions:

1. You have determined there may be several issues hindering performance in your supply program and reasons for three quarters of slumping revenue. The FIRST step to serious improvement should be what?

A) Notification of suppliers.
B) Notification to stakeholders.
C) Notifying organization management.
D) Auditing supply management processes.

2. Win-Lose or adversarial/competitive negotiation philosophy is likely to be used when?

A) The negotiator only has concern for their negotiations or outcome in a negotiation.
B) The negotiator has a high degree of concern for their outcome and a low degree of concern for the other party's outcome.
C) Each party hopes the other loses in a negotiation.
D) One party wins and one party loses in a negotiation.

3. Which import document is used to declare the value of a shipment?

A) Freight release declaration.
B) Special customs invoice.
C) Arrival notice import document.
D) Delivery notification invoice.

4. In order to ensure the optimal use of capacity and resources the supply management professional relies on scheduling processes. Which scheduling process is considered to be the most basic and one in which products are made based on daily customer demand?

A) Package optimization scheduling process.
B) Shared visibility into inventory scheduling process.
C) Level scheduling process.
D) Flow manufacturing scheduling process.

5. Which of the following price strategies would one use if the seller determines demand and prices at a level that meets customer expectations and provides an acceptable profit?

A) Loss leader pricing
B) Time and material contracts
C) Market based approach
D) Market demand pricing

Solutions: